Seeking Alpha

Morgan Stanley picks through machinery stocks

  • For Morgan Stanley, stock picking is "the name of the game" when it comes to machinery stocks.
  • As for the firm's picks: Terex (TEX) is initiated at Overweight (PT $47) while Caterpillar (CAT), Joy Global (JOY), and Manitowoc (MTW) get Equalweight ratings.
  • Earlier: Morgan Stanley starts Deere at Underweight.
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